Royal Bank of Scotland in trouble

[flubdub]

here.
Iv read somewhere else that RBS are in serious trouble. Cant find it now though. If they go down, what would happen to peoples money? And peoples debts with them?

Do the RBS not have links with Natwest as well?

So this would include NatWest wouldnt it? As RBS own tem dont they?

Yep, RBS own NatWest. I am screwed if they go down.

It is difficult not to panic right now, isn't it?

rbs includes LOADS of things, natwest, direct line, lombard, churchill, green flag..

X posts!
Me and dp are with both of them! AND HSBC that are mentioned at the bottom of the article, along with a couple of others.

Direct Line?? OMG! Finger in every pie and all that!

My current account is with natwest and also have a loan with them.

We have had a few money problems lately which has meant my going overdrawn and I noticed that they were very tough with me whereas in the past they have just said you wanted to pay this and didn't have the funds but we have cleared it please replace the funds.

All the pointy-headed types on the radio are saying that there's no way the government would let a savings bank go down (Lehmans being an investment bank) - it would be electoral suicide.

Is that why they saved Northern rock?

we are also with green flag.

Do we just do nothing? Do I arrange for wages to go into dp bank, Halifax.

I think that's probably true, pw. Let's hope so, anyway.

flub - yes, I think so

yes, fingers crossed everyone!

all these one is coutts...the queen's bank.

We did have savings with Natwest but used them all paying off debt, moving house and my medical bills.

If Coutts goes down we all have to go the Mall and commit hari-kiri. It's in the constitution.

I think the government might step in it being a UK lender with a huge mortgage portfolio - they only aren't with Lehmans because it is a US bank.

I would get all your cash out and stuff it under the mattress or buy wine - seems the only thing still increasing in value at the moment - we are shit loads poorer

I dont think RBS are in as much trouble as is made out.

Personally they have A LOT of fingers in A LOT of pies, and it will just mean selling off some of the businesses.

I was working for Churchill when RBS took over, imo they made a farce of what was already a successful business, and subsequently I left.

You need to have a credit check to work for Churchill now, and all employees are "encouraged" to have an RBS bank account.

My best friend is still a Team Leader there, but we both know what is Churchill now, is a long long way from what churchill used to be.

I wouldnt worry too much at this stage. After all, everyone is tightening belts at the moment.

But they cant bail everyone out can they? Barclays and Lloyds are in trouble too.
Wouldnt they also have to bail out the bigger mortgage companies to keep people liking them?

Oh my goodness.... DH works for rbs, we were only talking about Lehman issue this morning... I was panicking about the fact that there is huge uncertainty and he said everything will be fine as long as I have a job.... I actually feel quite sick now.. and I want to talk to him but he is in a meeting. Although date of that article is August 8 so maybe not quite so bad?

Did RBS stop those awful Michael Winner adverts? Because, if they did, I aint complaining!

i used to work for natwest. dreadful. did their grad scheme.

RBS?! Blimey, they are throwing money at us (well, they try).

It's deffo stuff your cash into a matress time isn't it?!

But surely the businesses RBS own operate independently? I'm assuming something like Direct Line is a profitable on-going business which would either carry on or could be sold, so I really doubt you have to worry about those.